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of <h1>Secured creditors in LLP liquidation must disclose security details; voting rights based on balance after security value deduction.</h1> Secured creditors in a winding-up by the Tribunal or during a voluntary liquidation meeting of a Limited Liability Partnership (LLP) must state the particulars, date, and assessed value of their security unless they surrender it. They are entitled to vote only on the balance due after deducting the security's value. If a secured creditor votes on the entire debt without valuing the security, it is assumed they have surrendered the security unless the Tribunal determines the omission was inadvertent.
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